Avion Wealth Grows Stock Position in The Goldman Sachs Group, Inc. $GS

Avion Wealth boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 31.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59 shares of the investment management company’s stock after acquiring an additional 14 shares during the quarter. Avion Wealth’s holdings in The Goldman Sachs Group were worth $41,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of GS. FSM Wealth Advisors LLC lifted its position in The Goldman Sachs Group by 16.1% in the second quarter. FSM Wealth Advisors LLC now owns 455 shares of the investment management company’s stock valued at $323,000 after purchasing an additional 63 shares during the last quarter. KPP Advisory Services LLC increased its stake in shares of The Goldman Sachs Group by 2.1% in the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock worth $473,000 after buying an additional 14 shares during the period. Rothschild Capital Partners LLC purchased a new stake in The Goldman Sachs Group during the 2nd quarter valued at $248,000. Insight Advisors LLC PA grew its holdings in The Goldman Sachs Group by 40.8% in the 2nd quarter. Insight Advisors LLC PA now owns 756 shares of the investment management company’s stock worth $535,000 after acquiring an additional 219 shares during the last quarter. Finally, Reliant Investment Management LLC grew its holdings in The Goldman Sachs Group by 4.0% in the 2nd quarter. Reliant Investment Management LLC now owns 9,575 shares of the investment management company’s stock worth $6,777,000 after acquiring an additional 372 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Up 0.9%

GS opened at $751.21 on Friday. The stock has a market cap of $227.41 billion, a PE ratio of 15.26, a PEG ratio of 1.36 and a beta of 1.42. The business has a 50 day moving average of $766.49 and a 200-day moving average of $676.63. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the prior year, the company earned $8.40 earnings per share. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the transaction, the chief operating officer owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Citizens Jmp reiterated a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $850.00 to $870.00 and gave the stock a “market perform” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. restated a “neutral” rating and set a $750.00 target price (up previously from $625.00) on shares of The Goldman Sachs Group in a report on Tuesday. Finally, Barclays lifted their price target on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $779.50.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.